CHL Mortgages

CHL Mortgages returns to lending

CHL Mortgages has returned to lending as an intermediary-only specialist BTL lender.

In 2008, the company pulled back from new lending and established itself as a servicing company, managing its own and third-party loan books.

The relaunched lending business will be led by managing director, Matt Kimber (pictured above).

Matt has been working at CHL for five years, most recently as chief operating officer.

CHL has also appointed Ross Turrell as commercial director to head up the sales and distribution channels.

Turrell has a wealth of experience within the specialist BTL market, having led commercial teams for a number of specialist lenders, most recently KSEYE Bridging.

“The expertise we have built in servicing more than £6.5bn of legacy assets, the onboarding of experienced sales and lending teams and significant investment in our technology platform provides us with a very strong base on which to build our new lending proposition,” said Matt.

“The growth of the specialist BTL sector in recent years gives us tremendous confidence with regard to the market opportunities available for lenders, brokers and landlords.”

Ross added: “It’s a really exciting opportunity to relaunch a lender with the reputation of CHL Mortgages. 

“The company is focused on building a strong proposition with competitive pricing, broad criteria and modern digital infrastructure to create a positive intermediary experience.

“2021 will be an interesting year for the BTL sector and we look forward to working closely with our intermediary and distribution partners to establish the CHL brand to meet the needs of landlords and property investors.” 

CHL Mortgages currently services around 30,000 mortgage loans across a number of asset classes, including BTL and residential owner-occupied loans, with a total value of circa £4bn. 

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